Interserve plc (IRV) Given Average Rating of “Buy” by Analysts
Shares of Interserve plc (LON:IRV) have received an average rating of “Buy” from the eight ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 480.33 ($5.85).
A number of brokerages have issued reports on IRV. Beaufort Securities reissued a “buy” rating on shares of Interserve plc in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Interserve plc from GBX 416 ($5.07) to GBX 425 ($5.18) and gave the stock an “overweight” rating in a report on Thursday, August 11th. Numis Securities Ltd restated a “buy” rating and issued a GBX 535 ($6.52) price objective on shares of Interserve plc in a report on Wednesday, August 10th. Berenberg Bank downgraded Interserve plc to a “hold” rating in a report on Friday, July 1st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 450 ($5.48) price objective on shares of Interserve plc in a report on Wednesday, August 10th.
Shares of Interserve plc (LON:IRV) traded up 5.27% during trading on Tuesday, reaching GBX 369.25. The company had a trading volume of 655,943 shares. Interserve plc has a 52-week low of GBX 214.25 and a 52-week high of GBX 579.00. The company’s market capitalization is GBX 537.24 million. The firm has a 50-day moving average price of GBX 390.99 and a 200-day moving average price of GBX 351.60.
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The business also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be issued a dividend of GBX 8.10 ($0.10) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 2.17%.
Interserve plc Company Profile
Interserve Plc is a United Kingdom-based support services and construction company. The Company provides a range of integrated services in the outsourcing and construction markets. It has four operational segments: Support Services, Construction, Equipment Services and Investments. Support Services focuses on the management and delivery of operational services to both public and private-sector clients in the United Kingdom and internationally.
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